Raytheon, the company that makes the Tomahawk missiles used in the air strikes on Syria by the United States, is rising in early stock trading Friday.
Investors seem to be betting President Trump's decision to retaliate against Syria after the chemical attack on Syrian citizens earlier this week may mean the Pentagon will need more Tomahawks.
The Department of Defense asked for $2 billion over five years to buy 4,000 Tomahawks for the U.S. Navy in its fiscal 2017 budget last February.
Nearly five dozen Tomahawk cruise missiles were launched at military bases in Syria from U.S. warships in the Mediterranean Sea late Thursday.
Why does this matter to Trump you might ask?
Because of course he owns stock in Raytheon. And don't you feel silly for asking?
Courtesy of Business Insider:
Donald Trump's personal financial disclosure report, which was filed as part of his presidential campaign on Wednesday, contains fairly detailed information about what's in his stock portfolio.
According to the report, Trump's investments cross a wide spectrum of industries, with technology companies, financial firms, defense contractors, and energy are all represented in his portfolio. Trump also owns stock in many well-known companies including Apple, Nike, Whole Foods, Google, Philip Morris, Raytheon, Facebook, and Morgan Stanley, among others.
In other words Raytheon's stock goes up, Donald Trump gets just a little bit richer.
So not only did Trump gain politically from the attack, with plenty of pundits now calling him "presidential," but he also made his wallet just a little bit thicker.
And the best part? Well the best part is that if didn't even do anything to protect the people of Syria.
You know most of my nightmares only last the one night. But this one just goes on, and on, and on, and on, and on, and............JUST IN: Syrian warplanes take off from air base hit by U.S., carry out strikes in Homs countryside - Syrian observatory for human rights— Reuters Top News (@Reuters) April 7, 2017
Source http://ift.tt/2ok9BFK
